The Edge Markets reported that it has RM2 million in paid-up capital.
The directors are Datuk Goh Hwan Hua, Datuk Abd Hamid Mohd Ali, Datuk Seri Azharuddin Abdul Rahman, Rayner Teo Kheng Hock, and Jothi Prakash Murugan, reported The Edge Markets citing a filing to the Companies Commission of Malaysia (SSM).
Among the directors, Goh is believed to be the biggest financial backer of the new ULCC as he is the shareholder of both Zillion Wealth Bhd and Trillion Cove Holdings Bhd.
In other words, he is said to have a 98% stake in MYAirlines.
Goh has a background in audit and corporate finance. He is also an entrepreneur in the fields of e-commerce, e-ticketing, fintech, retail, and tourism space.
As for other directors, Jothi has a background in information technology (IT) and serves as a director of Trillion Cove.
The remaining three are aviation industry veterans who have held positions in Malaysia Airport Holdings Bhd, the Malaysian Civil Aviation Department (DCA), the Civil Aviation Authority of Malaysia (CAAM), and AirAsia.